-Dissecting the graphic times!
-In a previous analysis (click here to see it), we had an obstacle to be overcome, the region of 3961, it was overcome, now let's analyze the possibilities of monthly, weekly and daily.
-The monthly chart is showing us the possibility of an uptrend with prices not losing the 3800 region, and working above the 4100 range.
-We had a strong move up from its last bottom on 10/13 from 3491 to its most recent top at 4100 where we can see a routine correction in the 50% range of all move up.
-On the weekly chart, we have momentary confirmation of an uptrend with prices above 3906, targeting the previous top at 4100 in the first moment.
-The 4081 region is highly relevant and needs to be overcome if the index wants to reach higher levels. If prices do not break this region (4081), we may have corrections that reach the region of 3852 again.
-As with the monthly and weekly charts, the daily chart has also formed a short-term uptrend that could target the long average, or, going further, the 4083 region at the downtrend line.
-Will the prevailing downtrend go away from view? We look forward to the next few days.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other reviews.
-The monthly chart is showing us the possibility of an uptrend with prices not losing the 3800 region, and working above the 4100 range.
-We had a strong move up from its last bottom on 10/13 from 3491 to its most recent top at 4100 where we can see a routine correction in the 50% range of all move up.
-On the weekly chart, we have momentary confirmation of an uptrend with prices above 3906, targeting the previous top at 4100 in the first moment.
-The 4081 region is highly relevant and needs to be overcome if the index wants to reach higher levels. If prices do not break this region (4081), we may have corrections that reach the region of 3852 again.
-As with the monthly and weekly charts, the daily chart has also formed a short-term uptrend that could target the long average, or, going further, the 4083 region at the downtrend line.
-Will the prevailing downtrend go away from view? We look forward to the next few days.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other reviews.
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